Draft bill amending the Real Estate Co-ownership Law
November 9, 2022 · 2 min read
On October 26, 2022, by means of Official Communication No. 502/SEC/22, the National Congress approved the draft bill that amends Law No. 21,442, which approves the new Real Estate Co-ownership Law, with the purpose of interpreting its Article 100 and introducing amendments.This official communication was sent to the President of the Republic for its promulgation and subsequent publication.
- Interpretation of Article 100 of the Coownership Law
Article 100 of Law No. 21,442 repeals the old Law No. 19,537 on real estate co-ownership, mandating that those co-ownerships existing before April 13, 2022 -the date of publication of the new law- must adjust their co-ownership regulations to the new Law No. 21,442 within a period of one year.
Ahora bien, el artículo 1° del proyecto de ley en comento, interpreta dicho artículo 100 señalando: “Declárase, interpretando el artículo 100 del artículo primero de la ley N° 21.442, que aprueba nueva ley de copropiedad inmobiliaria, que, tratándose de las materias reguladas en ésta [Ley 21.442] cuya aplicación requiera, expresa o tácitamente, la dictación de reglamentos u otras normas complementarias, conservarán su eficacia las disposiciones de la ley N°19.537 hasta la publicación de dichos textos”.
In other words, this bill, by way of interpretation, proposes to maintain in force the provisions of the old co-ownership law with materias cuya aplicación requiera “expresa o tácitamente” la dictación de reglamentos o normas complementariasa. The administrator’s authority to enter into payment agreements with
- Modificaciones a la Ley de Copropiedad
También el proyecto contempla modificaciones a la nueva Ley de Copropiedad en los siguientes temas:a. Facultad del administrador de celebrar convenios de pago con delinquent co-owners
b. Archiving of the plans after the first co-ownership regulation.
c. Matters of the co-owners’ meetings and members of the administration committee.
d. Consultations in writing.
e. Condominiums of public interest.
f. The entry into force of the limit of 160 units in social housing condominiums will be as of January 1, 2024.
If this legislative proposal is approved as proposed, we believe that it will give rise to different interpretations regarding the survival period of the old co-ownership law as well as the matters that “expressly or tacitly” require regulatory or complementary rules for its application, which will have to be decided in due time, case by case.
